Chico’s FAS (NYSE:CHS) Posts Earnings Results, Beats Estimates By $0.02 EPS

Chico’s FAS (NYSE:CHS) issued its earnings results on Tuesday. The specialty retailer reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02, RTT News reports. Chico’s FAS had a net margin of 1.67% and a return on equity of 6.89%. The business had revenue of $517.70 million for the quarter, compared to the consensus estimate of $517.61 million. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year.

Shares of CHS stock opened at $3.69 on Wednesday. The firm has a market cap of $458.44 million, a price-to-earnings ratio of 11.90, a P/E/G ratio of 5.59 and a beta of 0.28. The company has a quick ratio of 0.91, a current ratio of 1.76 and a debt-to-equity ratio of 0.10. Chico’s FAS has a 1-year low of $3.24 and a 1-year high of $10.44.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 9.49%. The ex-dividend date of this dividend is Friday, June 14th. Chico’s FAS’s dividend payout ratio (DPR) is 112.90%.

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group dropped their price target on shares of Chico’s FAS from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Wednesday. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Finally, B. Riley set a $6.00 price target on shares of Chico’s FAS and gave the stock a “buy” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.06.

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About Chico’s FAS

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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Earnings History for Chico`s FAS (NYSE:CHS)

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